The medium and heavy trucks market includes commercial vehicles (CVs), buses and coaches (BCs), heavy commercial vehicles (HCVs) and heavy buses and coaches (HBCs). CVs and BCs weigh 3.51 to 16 tonnes and include pick-ups and vans where they fall into this weight range. HCVs and HBCs weigh over 16 tonnes; the converted trucks and buses are excluded. The market volume includes the number of newly registrated vehicle in any given year. The market value is calculated in terms of average manufacturer selling price (MSP) against market volume, and excludes all taxes and levies. Any currency conversions used in the creation of this report have been calculated using constant 2018 annual average exchange rates.

The Chinese medium & heavy trucks market had total revenues of $113.0bn in 2018, representing a compound annual growth rate (CAGR) of 9.6% between 2014 and 2018.

Market consumption volume increased with a CAGR of 6.5% between 2014 and 2018, to reach a total of 1,883.4 thousand units in 2018.

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